The Report Offers the Market Size and Forecasts for the Europe Lead-Acid Battery Market in Revenue (USD) for all the Above Segments. The Europe Lead-acid Battery Market size is estimated at USD 8.84 billion in 2024, and is expected to reach USD 12.30 billion by 2029, growing at a CAGR of 6.80% during the forecast period (2024-2029).
Nevertheless, increased off-grid solar installation investment is estimated to provide a significant opportunity for the lead acid market in Europe. Germany is likely to dominate the lead acid battery market in Europe due to the higher presence of automobile manufacturers in the country.
The lead-acid battery market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Among the analyzed regions, Asia-Pacific is expected to account for the fastest-growing market during the forecast period, followed by LAMEA, North America, and Europe. Asia-Pacific hosts some of the fastest developing countries such as China and India.
Lead-acid batteries are suitable for short-duration energy storage applications and may be cost-effective for small-scale renewable energy projects, which is expected to boost the lead-acid battery market growth during the forecast period.
The Europe lead-acid battery market is semi fragmented. Some of the key players (in no particular order) in the market include BAE Batterien GmbH, Exide Technologies Inc., GS Yuasa Corporation, Johnson Controls International PLC, Omnitron Griese GmbH, etc. Need More Details on Market Players and Competitors?
Lead-Acid Battery Market Research, 2032 The global lead-acid battery market was valued at $52.1 billion in 2022, and is projected to reach $81.4 billion by 2032, growing at a CAGR of 4.6% from 2023 to 2032.